2022-05-30-accounts

Contents			Page
Reference and Administrative		Details
Trustees' Annual Report			2-6
Independent	Auditor's Report		7-10
Consolidated	Statement of Financial Activities
Consolidated	Balance Sheet		12
Statement of	Cash Flows		13
Notes to the	Financial Statements		14-33

Registered	Charity	Name:	Name:	The Ashley Foundation	The Ashley Foundation	The Ashley Foundation
Charity Registration		Number:		1063208
Company	Registration		Number:	3366712
Principal Office:				81Abingdon	Street
				Blackpool
				Lancashire
				FY11PP
Registered	Office:			81Abingdon	Street
				Blackpool
				Lancashire
				FY11PP
Trustees:				Mrs LEdwards		—Chair
				Dr M O'Donnell
				Mr A Oldfield
				Mr 5 Robinson
				Mrs E Warren
Solicitors:				Napthens
				iubiliee House
				East Beach
				Lytham St Annes
				Lancashire
				FYB5FT
Bankers:				Lloyds Bank
				25-27 Birley Street
				Blackpool
				Lancashire
				FY11EG
Auditor:				Mitchell Charlesworth			(Audit) Limited
				3rd Floor
				44 Peter Street
				Manchester
				M2 5GP

			Notes	Restricted	Unrestricted	Total Funds	Restricted	Unrestricted	Total Funds
				Funds	Funds	2022	Funds	Funds	2021
				E	E	E	6	6	E
Income
Donations	and legacies		5	12,408	10,432	22,840	24,816	45,713	70,529
Income from		charitable
activities:
Operation	of	accommodation
and cafe					3,623,770	3,623,770		3,867,630	3,867,630
Income from		other trading
activities
Commercial	trading operation							14,538	14,538
Investment	income - bank
interest					1,779	1,779		1,073	1,073
Rentalincome					7,860	7,860		8,316	8,316
Total incoming resources				12,408	3,643,841	3,656,249	24,816	3,937,270	3,962,086
Expenditure
Cost ofraising funds:
Commercial	trading operation				(3,144)	(3,144)		(14,150)	(14,150)
Expenditure		on charitable
activities:
Operation	of	accommodation
and cafe			9	(24,236)	(3,785,548)	(3,809,784)	(5,516)	(4,185,212)	(4,190,728)
Total expenditure				(24,236)	(3,788,692)	(3,812,928)	(5,516)	(4,199,362)	(4,204,878)
Transfers				(22,700)	22,700
Net incoming		resources for
the year				(34,528)	(122,151)	(156,679)	19,300	(262,092)	(242,792)
Total funds	brought forward			46,136	2,890,193	2,936,329	26,836	3,152,285	3,179,121
Total funds	carried forward			11,608	2,768,042	2,779,650	46,136	2,890,193	2,936,329

			Notes	Group	Group	Charity	Charity
				2022	2021	2022	2021
				6	6	6	6
Fixed assets
Tangible assets			17	2,321,175	1,347,226	2,321,175	1,347,226
Investments			18			1	1
Total fixed assets				2,321,175	1,347,226	2,321,176	1,347,227
Current assets
Debtors			19	182,435	197,878	182,435	197,878
Cash at bank and in	hand			773,313	2,318,925	771,940	2,318,908
Total current assets				955,748	2,516,803	954,375	2,516,786
Creditors: Amounts	falling due within one
year			20	(200,350)	(290,062)	(199,270)	(293,484)
Net current assets				755,398	2,226,741	755,105	2,223,302
Total assets less current		liabilities		3,076,573	3,573,967	3,076,281	3,570,529
Creditors: Amounts	falling due after more
than one year			21	(296,923)	(637,638)	(296,923)	(637,638)
Net assets				2,779,650	2,936,329	2,779,35&	2,932,891
The funds ofthe charity
Restricted income funds			25	11,608	46,136	11,608	46,136
Unrestricted income	funds		24	2,768,042	2,890,193	2,767,750	2,886,755
Total funds				2,779,650	2,936,329	2,779,358	2,932,891

				Notes	Group	Group	Charity	Charity
					2022	2021	2022	2021
					6	6	6
Cash generated	from/(used	in) operating
activities				28	(192,424)	470,564	(193,779)	474,546
Cash flow from	investing	activities
Interest income					1,779	1,073	1,779	1,073
Purchase oftangible fixed		assets			(1,011,098)		(1,011,098)
Cash flow from	investing	activities			(1,009,319)	1,073	(1,009,319)	1,073
Cash flow from	financing	activities
Repayments of	loans				(343,869)	(35,359)	(343,869)	(35,539)
Cash used in financing activities					(343,869)	(35,539)	(343,869)	(35,539)
Increase/(decrease) in cash and			cash
equivalents in the year					(1,545,612)	436,278	(1,546,968)	440,261
Cash and cash equivalent		at the	beginning
ofthe year					2,318,925	1,882,647	2,318,908	1,878,647
Total cash and	cash equivalents		at the end		773,313	2,318,925	771,940	2,318,908
ofthe year

5.	Grants,	donations,	donations,	and						Total Funds
	legacies				Restricted	Unrestricted	Total Funds	Restricted	Unrestricted	2021
					Funds	Funds	2022	Funds	Funds	(Restated)
					6	6			6	f
	Donations		and legacies
	Appeals	and donations				1,476	1,476		2,651	2,651
	Grants				12,408	8,956	21,364	24,816	43,062	67,878
	Total per		statement	offunds	12,408	10,432	22,840	24,816	45,713	70,529

Incoming	resources from	Restricted	Unrestricted	Total Funds	Restricted	Unrestricted	Total Funds
charitable	activities	Funds	Funds	2022	Funds	Funds	2021
		6	6	6	6	6	6
Charitable	activities
Housing benefit —hostels and
flats			1,837,780	1,837,780		1,967,046	1,967,046
Income from hostels and flats			1,517,606	1,517,606		1,596,207	1,596,207
Residents'	contributions-
hostels and flats			145,966	145,966		119,015	119,015
Emergency	Beds Scheme		45,058	45,058		172,949	172,949
Community	Cafe &Hub takings		54,637	54,637		9,302	9,302
Other income			22,723	22,723		3,111	3,111
Total income from charitable			3,623,770	3,623,770		3,867,630	3,867,630
activities

	The summary financial	The summary financial	results ofthe subsidiary	results ofthe subsidiary	results ofthe subsidiary	were:	were:			2022	2021
										6	6
	Shop takings
	Grant income										14,538
											14,538
											14,358
	Cost ofsales and administration costs									(3,144)	(14,150)
	Operating profit									(3,144)	388
	The assets and liabilities		ofthe subsidiary		company		were:
	Current assets									1,373	4,638
	Creditors: amounts	falling due within		one year						(1,081)	(1,200)
	Net assets									292	3,438
	Aggregate share capital and reserves									292	3,438
8.	Investment income		Restricted		Unrestricted		Total	Funds	Restricted	Unrestricted	Total Funds
			Funds			Funds		2022	Funds	Funds	2021
				6			6	6	6		6
	Bank interest					1,779		1,779		1,073	1,073
	Total investment	income				1,779		1,779		1,073	1,073

9.	Expenditure	on charitable	activities - Current year	Community	Accom	Total Funds
				Cafe &Hub	Provision	2022
				E	f	E
	Wages and salaries costs			57,020	1,022,377	1,079,397
	Staffing costs			244	3,239	3,483
	Premises costs			13,601	1,296,720	1,310,321
	Service charges - Blackburn		Hostels		884,298	884,298
	Office costs			271	17,677	17,948
	Food costs			20,123	63,188	83,311
	Other costs			1,339	15,195	16,534
	Laundry and	cleaning costs		3,164	8,367	11,531
	Motor and travel costs			8	10,952	10,960
	Legal costs				793	793
	Loan interest				13,220	13,220
	Depreciation				32,231	32,231
	Governance	costs			7,350	7,350
	Support costs				338,407	338,407
	Total			95,770	3,714,014	3,809,784
	Expenditure	on charitable	activities - Prior year	Community	Accom	TotalFunds
				Cafe &Hub	Provision	2021
				E	E	E
	Wages and salaries costs			6,718	1,058,549	1,065,267
	Staffing costs				250	250
	Premises costs			2,076	1,601,388	1,603,464
	Service charges - Blackburn		Hostels		946,955	946,955
	Office costs			65	16,571	16,636
	Food costs			4,048	79,436	83,484
	Other costs			1,150	9,735	10,885
	Laundry and	cleaning costs		620	16,814	17,434
	Motor and travel costs			33	5,252	5,285
	Legal costs				(5,750)	(5,750)
	Loan interest				19,086	19,086
	Depreciation				27,702	27,702
	Governance	costs			6,250	6,250
	Support costs				393,780	393,780
	Total			14,710	4,176,018	4,190,728

Summary ofanalysis	ofexpenditure	and related	Community	Accom	Total Funds
income for charitable	activities —Current year		Cafd &Hub	Provision	2022
			6	6	6
Costs (note 9)			95,770	3,714,014	3,809,784
Grant support (note	5)		(12,408)	(8,956)	(21,364)
Net cost - other income			83,362	3,705,058	3,788,420
Summary ofanalysis	ofexpenditure	and related	Community	Accom	Total Funds
income for charitable	activities —Prior year		Cafe &Hub	Provision	2021
			f	6	6
Costs (note 9)			14,710	4,176,018	4,190,728
Grant support - restated (note 5)			(24,816)	(43,062)	(67,878)
Net cost - other income			(10,106)	4,132,956	4,122,850

		General		Total
Support cost		Support	Governance	2022
		6	6	6
Bank charges		900		900
Wages and salaries costs		187,009		187,009
Staffing costs		21,431		21,431
Bad debt		3,217		3,217
Premises costs		22,527		22,527
Office costs		24,412		24,412
Food costs		170		170
Other costs		2,136		2,136
Laundry and	cleaning costs	510		510
Motor and travel costs		1,226		1,226
Accountancy	costs	40,746		40,746
Audit cos'ts			7,350	7,350
Legal costs		28,762		28,762
Trustees' expenses
Loan interest		443		443
Depreciation		4,918		4,918
		338,407	7,350	345,757

		General		Total
Support cost		Support	Governance	2021
		E	6	6
Wages and salaries costs		156,190		156,190
Staffing costs		36,527		36,527
Premises costs		33,336		33,336
Office costs		21,207		21,207
Food costs		134		134
Other costs		5,027		5,027
Laundry and	cleaning costs	2,213		2,213
Motor and travel costs		2,758		2,758
Accountancy	costs	62,271		62,271
AUNt cos'ts			6,250	6,250
Legal costs		66,678		66,678
Trustees' expenses
Loan interest		2,514		2,514
Depreciation		4,925		4,925
		393,780	6,250	400,030

Net income/(expenditure)						2022	2021
						E	E
Net income/(expenditure)		is stated	after	charging:
Operating leases						196,178	216,636
Management agreements						835,753	886,454
Service charges - Blackburn		Hostels				884,298	946,955
Auditor's remuneration	-statutory		audit			7,350	6,250
Bank interest payable						13,663	21,600
Depreciation						37,149	32,626
Analysis ofstaff costs and		remuneration		ofkey management	personnel	2022	2021
						E
Wages and salaries						1,168,247	1,107,843
National insurance contributions						84,835	94,713
Employers' pension contributions						13,324	18,901
Total staff costs						1,266,406	1,221,457

17.	Tangible fixed assets - Group			Plant and
		Freehold		Machinery
		Interest in	Fixtures,	including
		Land and	Fittings and	Motor
		Buildings	Equipment	Vehicles	Total
		E	E	6	E
	Cost
	As at 30 May 2021	1,453,005	18,187	48,998	1,520,190
	Additions	1,000,000		11,098	11,098
	Disposals
	As at 30May 2022	2,453,005	18,187	60,096	2,531,288
	Depreciation
	As at 30May 2021	116,241	7,725	48,998	172,964
	Charge for the year	33,228	3,565	356	37,149
	Disposals
	As at 30May 2022	149,469	11,290	49,354	210,113
	Net book value
	As at 30May 2022	2,303,536	6,897	10,742	2,321,175
	As at 30May 2021	1,336,764	10,462		1,347,226

Tangible fixed assets - Charity			Plant and
	Freehold		Machinery
	Interest in	Fixtures,	including
	Land and	Fittings and	Motor
	Buildings	Equipment	Vehicles	Total
	E	E	E	E
Cost
As at 30May 2021	1,453,005	18,187	48,998	1,520,190
Additions	1,000,000		11,098	11,098
Dispose is
As at 30May 2022	2,453,005	18,187	60,096	2,531,288
Depreciation
As at 30May 2021	116,241	7,725	48,998	172,964
Charge for the year	33,228	3,565	356	37,149
Disposals
As at 30May 2022	149,469	11,290	49,354	210,113
Net book value
As at 30 May 2022	2,303,536	6,897	10,742	2,321,175
As at 30 May 2021	1,336,764	10,462		1,347,226

Debtors		Group	Group	Charity	Charity
		2022	2021	2022	2021
		E	E	E	E
Housing benefit	receivable	82,958	163,984	82,958	163,984
Trade debtors		72,708	14,013	72,708	14,013
Prepayments,	accrued income &other
debtors		26,769	19,881	26,769	19,881
		182,435	197,878	182,435	197,878

Creditors: Amounts	falling due within one year	falling due within one year	Group	Group	Charity	Charity
			2022	2021	2022	2021
			6	6	6	6
Bank loans and overdrafts			32,709	35,863	32,709	35,863
Amounts due to suppliers			20,380	10,812	20,380	10,812
Taxation and national		insurance	24,737	29,077	24,737	29,077
Other creditors			3,618	51,173	3,618	51,173
Accruals and deferred		income	118,906	163,137	117,826	166,559
			200,350	290,062	199,270	293,484
Creditors: Amounts	falling due within one year		includes the following	liabilities, on which security		has been
given by the charity	and group:
					Group &	Group &
					Charity	Charity
					2022	2021
					6	6
Bankloans					32,709	35,863

Creditors:	Amounts	falling due after more than		Group &	Group &
one year				Charity	Charity
				2022	2021
				6	6
Bankloans				296,923	637,638
Included	in the creditors are the following amounts		due after more than five years:
				Group &	Group &
				Chadity	Charity
				2022	2021
				6	6
After more than five		years by instalments		230,408	481,925

cancellable operating leases and management agreem	ents as follows:
	Group &	Group &
	Charity	Charity
	2022	2021
	6	6
Less than one year	453,012	1,053,692
Within two to five years	1,812,047	3,552,474
Over five years	5,257,683	10,282,271
Total	7,522,742	14,888,437

Analysis of	charitable	funds —Group	funds —Group	At 30May	Incoming	Resources	Transfers	At 30May
-unrestricted current		year		2021	Resources	Expended		2022
				E	E	E		E
General funds				2,852,890	3,592,436	(3,788,692)	(22,700)	2,679,334
Designated	Fund —Poplar House			10,485	7,830			18,315
Designated	Fund —Sunderland		Flats	24,287	12,159			36,446
Designated	Fund —1,000Voices			2,531				2,531
Designated	Fund —Mini bus				5,000			5,000
Designated	Fund —Blackpool Flats				26,416			26,416
Total funds				2,890,193	3,643,841	(3,788,692)	22,700	2,768,042
Analysis of	charitable	funds —Group		At30May	Incoming
-unrestricted prior year				2020	Resources	Resources		At 30May
				(Restated)	(Restated)	Expended	Transfers	2021
				E	E	E	E	E
General funds				3,152,285	3,884,640	(4,184,035)		2,852,890
Designated	Fund —Poplar House				25,383	(14,898)		10,485
Designated	Fund —Sunderland		Flats		24,287			24,287
Designated	Fund —1,000Voices				2,960	(429)		2,531
Total funds				3,152,285	3,937,270	(4,199,362)		2,890,193
Analysis of	charitable	funds—
Charity				At 30May	Incoming	Resources		At 30May
-unrestricted current		year		2021	Resources	Expended	Transfers	2022
				E	E	E	E	E
General funds				2,886,755	3,643,841	(3,785,546)	22,700	2,767,750
Total funds				2,886,755	3,643,841	(3,785,546)	22,700	2,767,750
Analysis of	charitable	funds—		At 30May
Charity				2020	Incoming	Resources		At 30May
-unrestricted prior year				(Restated)	Resources	Expended	Transfers	2021
				E	E	E	E	E
General funds				3,149,236	3,922,732	(4,185,213)		2,886,755
Total funds				3,149,236	3,922,732	(4,185,213)		2,886,755
								28(Page

25.	Analysis of	charitable	funds —Group
	&charity-			At 31May	Incoming	Resources		At 30May
	restricted -	Current		2021	Resources	Expended	Transfers	2022
				E	E	E	E	E
	Mental Health Support			22,700			(22,700)
	The National	Lottery Community
	Fund - The Ashley Foundation
	Community	Cafd and Hub		23,436	12,408	(24,236)		11,608
	Total funds			46,136	12,408	(24,436)	(22,700)	11,608

			Incoming
Analysis ofcharitable funds —Group &Charity		At 31May	Resources	Resources	At 30May
-restricted -prior year		2020	(Restated)	Expended	2021
			E	E	E
Mental Health Support		22,700			22,700
The National Lottery Community	Fund - The
Ashley Foundation Community	Cafe & Hub	4,136	24,816	(5,516)	23,436
Total funds		26,836	24,816	(5,516)	46,136

27.	Net assets by fund-Group -Current year	Restricted	Unrestricted	Total Funds
		Funds f	Fundsf	2022 f
	Tangible fixed assets		2,321,175	2,321,175
	Cash at bank and in hand		773,313	773,313
	Other net current assets / (liabilities)	11,608	(29,523)	(17,915)
	Creditors of more than one year		(296,923)	(296,923)
	Net assets	11,608	2,768,042	2,779,650
	Net assets by fund —Group - Prior year	Restricted	Unrestricted	Total Funds
		Funds	Funds	2021
		f	f	f
	Tangible fixed assets		1,347,226	1,347,226
	Cash at bank and in hand		2,318,925	2,318,925
	Other net current assets / (liabilities)	46,136	(138,320)	(92,184)
	Creditors ofmore than one year		(637,638)	(637,638)
	Net assets	46,136	2,890,193	2,936,329
	Net assets by fund —Charity - Current year	Restricted	Unrestricted	Total Funds
		Funds	Funds	2022
		f	f	f
	Tangible fixed assets		2,321,175	2,321,175
	Cash at bank and in hand		771,940	771,940
	Other net current assets/(liabilities)	11,608	(28,442)	(16,834)
	Creditors of more than one year		(296,923)	(296,923)
	Net assets	11,608	2,767,750	2,779,358
	Net assets by fund —Charity - Prior year	Restricted	Unrestricted	Total Funds
		Funds	Funds (Restated)	2021(Restated)
		E	E	f
	Tangible fixed assets		1,347,227	1,347,226
	Cash at bank and in hand		2,318,908	2,318,908
	Other net current assets /(liabilities)	46,136	(141,742)	(95,606)
	Creditors of more than one year		(637,638)	(637,638)
	Net assets	46,136	2,886,755	2,932,891

			Group	Group	Charity	Charity
			2022	2021	2022	2021
			6	f	f	6
	Net movement in funds		(156,679)	(242,792)	(153,533)	(242,404)
	itdd: Depreciation		37,149	32,626	37,149	32,626
	Deduct interest income shown	in investing
	activities		(1,779)	(1,073)	(1,779)	(1,073)
	Decrease/(increase) in debtors		15,443	737,094	15,443	737,094
	(Decrease)/increase in creditors		(86,558)	(55,291	(91,060)	(51,696)
	Net cash used in operating activities		(192,424)	470,564	(193,780)	474,547
29.	Net debt reconciliation —Group - Current year			30May		30May
				2021	Cash Rows	2022
				f	6	6
	Cash			2,318,925	(1,545,612)	773,313
	Loans falling due within one year			(35,863)	3,154	(32,709)
	Loans falling due after one year			(637,638)	340,715	(296,923)
	Net debt			1,645,424	(1,201,743)	443,681
	Net debt reconciliation —Group - Prior year			30May		30May
				2020	Cash flows	2021
				6	6	f
	Cash			1,882,647	436,278	2,318,925
	Loans falling due within one year			(35,754)	(109)	(35,863)
	Loans falling due after one year			(673,106)	35,468	(637,638)
	Net debt			1,173,787	471,636	1,645,423

29.	Net debt reconciliation	continued —Charity	30May		30May
	-Current year		2021 6	Cash flows 6	2022 f
	Cash		2,318,908	(1,546,968)	771,940
	Loans falling due within	one year	(35,863)	3,154	(32,709)
	Loans falling due after	one year	(637,638)	340,715	(296,923)
	Net debt		1,645,406	(1,203,099)	442,308
	Net debt reconciliation	—Charity - Prior year	30May		30May
			2020	Cash flows	2021
			6	6	6
	Cash		1,878,647	440,261	2,318,908
	Loans falling due within	one year	(35,754)	(109)	(35,863)
	Loans falling due after	one year	(673,106)	35,468	(637,638)
	Net debt		1,169,787	475,619	1,645,406